He is not sure how much the project will cost, but is reckoning on a payback period of around five years.
But the calculation is not just about immediate payback.
In using payback period method, a maximum payback period is set for all projects.
The payback period is the time required for a firm to recover its original investment.
I don't know whether it's easier for gentlemen or not because our voices are sort of in the bass, but maybe this is payback time since ladies are always singing the melody.
ROI is a relatively straightforward investment metric that expresses how much time is required (the payback period) to recover the original investment.
